Summer Suites, Menara Solaris

Summer Suites (also known as Mercu Summer Suites) is a leasehold SOHO building located in Menara Solaris, KLCC. There are 403 units available at this project with built-up from 493 sf. It was developed by UEM Sunrise Bhd (fka Sunrise) with a launch price at around RM700 psf, and was completed in about 2015.

UEM Sunrise Bhd (fka Sunrise) is a very large-sized real estate company listed on KLSE, and it has constructed around 63 real estate projects in Malaysia. Other similar projects by the same developer are Menara Solaris and Summer VOS.

Property Type
SOHO
Land Tenure
Leasehold
Built-up
493 sf
Market Price
RM480,000
Density
403 Units
Completed In
2015
Launch Price
About RM700 psf

This SOHO building has many amenities nearby, for example universities, hospitals, metro transport stations and schools. The following are some main universities here:

As for hospitals, there are Al Islam Specialist Hospital, Specialist Hospital Al Islam, Twin Towers Medical Center and Twin Towers Medical Centre. There are also some metro transport stations here, i.e. LRT Dang Wangi, LRT Kampung Baru, Monorail Bukit Nanas and Monorail Medan Tuanku.

Lastly, the schools here are SMK Convent Bukit Nanas and Yayasan Sekolah Al Quran KL.

The current rental yield of Summer Suites is around 4.4%, compared to 5.09% a year ago in Q1 2019. The highest rental yield ever recorded was 5.5% in Q1 2020; while the lowest one was 4.04% in Q3 2017. Meanwhile, the most common unit layouts and sizes available here are as follows:

Latest Summer Suites for sale listings:

DateTypeBuilt-upPrice
TodayOffice619 sfRM419,904
18 May 2020Studio455 sfRM480,000
23 May 2020Condominium493 sfRM450,000
22 May 2020Condominium469 sfRM530,000
6 Apr 2020Condominium619 sfRM550,000
25 Mar 2020Condominium795 sfRM699,000
31 Mar 2020Condominium1,160 sfRM888,000
16 Mar 2020Condominium493 sfRM500,000
13 Mar 2020Condominium493 sfRM480,000
13 Mar 2020Studio493 sfRM480,000

Latest Summer Suites for rent listings:

DateTypeBuilt-upRental
YesterdayStudio493 sfRM1,800
25 May 2020Condominium500 sfRM1,700
25 May 2020Condominium713 sfRM3,300
25 May 2020Condominium500 sfRM1,900
26 May 2020Room In Apartment-NA-RM998
14 May 2020Condominium500 sfRM2,199
13 May 2020Studio700 sfRM1,950
8 May 2020Condominium500 sfRM2,400
8 May 2020Low-Cost Flat500 sfRM2,400
29 Apr 2020Room In Apartment-NA-RM1,200
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